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image for article Inside RBI’s $7.7 Billion Move: Why the Central Bank Intervened as the Rupee Breached ₹88

Inside RBI’s $7.7 Billion Move: Why the Central Bank Intervened as the Rupee Breached ₹88

RBI sold $7.7 billion in August to arrest the rupee’s fall past ₹88, signaling strong intervention to stabilize currency and curb inflation risks.
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